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ATI STAL joint venture commissions new line
Allegheny Technologies Incorporated has commissioned STAL 3, the latest expansion of its 20-year STAL joint venture to produce precision stainless steel strip for China and the Asian markets.Read more
NLC India Ltd
NLC India Ltd (NLCIL) formerly Neyveli Lignite Corporation is a profit making, Government of India Enterprise involved in mining of lignite and generation of power through lignite based thermal power plants. NLCIL comes under administrative control of Ministry of Coal and serves as an important source of power generation to the states of Tamil Nadu, Andhra Pradesh, Karnataka, Kerala, Telangana, Rajasthan and Union Territory of Pondicherry.Read more
MTU Yuchai Power celebrates production of the first MTU Series 4000 engine
MTU Yuchai Power, a joint venture set up between Rolls-Royce Power Systems and the Chinese diesel engine manufacturer Guangxi Yuchai Machinery Company, is preparing for the start of series production of MTU Series 4000 engines.Read more
GCL Group and Softbank invest $ 930 million to establish a joint venture in India
The main content of the memorandum is that GCL Group and Softbank Investment have agreed to establish a joint venture company in Andhra Pradesh, India, either directly or through their respective affiliates or subsidiaries, of which Softbank Investment accounts for 60% and GCL Group 40%.Read more
RUJ & SRM Mechanics in JV brings first swiss precision and assembly plant in India
India’s ‘Make in India’ initiative and mechanical engineering industry strives to apply cutting-edge technology, produce high-quality products up to international standards, and further participate in the global value chain.Read more
Evolution of Indian manufacturing is the key to innovation
Ashwin Dhingra, Managing Director and CEO, MACHT Technologies Pvt Ltd, says that given India’s large pool of engineering manpower, the country’s manufacturing sector has the potential to overtake IT as the primary creator of jobs and revenue by several times. The Ghaziabad (Uttar Pradesh)-based MSME, MACHT provides solutions to the automobile and precision engineering industry in design and manufacture of machines tools, modular units, automation systems, tooling, jigs and fixturesRead more
Mitsubishi Corporation and Hitachi form remote sensing joint venture
Mitsubishi Corporation (MC) and Hitachi Ltd have announced the formation of a new joint venture that will provide comprehensive remote sensing services for industrial use. The new venture, SkymatiX Inc., will develop, manufacture and market these services based on data collected by aerial vehicles such as drones and satellites and cloud-based data analysis services.Read more